Senior Manager, Financial Analysis and Reporting

Requisition ID # 156247 

Job Category: Accounting / Finance 

Job Level: Senior Manager

Business Unit: Finance

Work Type: Hybrid

Job Location: Oakland

 

 

 

Department Overview

The Company Financial Planning & Analysis (CFP&A) team tracks and manages PG&E’s overall financial performance and sits at the center of everything that impacts PG&E’s earnings and cash flow. The CFP&A team manages the in-year forecast and catch-back plans for Earnings Per Share (a STIP KPI), Operating Cash Flow (a STIP KPI), and Greater Affordability (an LTIP KPI), all of which are reviewed monthly with the CEO, EOT, and broader officer team as part of the L1 Finance Reviews. The CFP&A team also owns the multi-year financial plan, referred to as the Data Book, that is printed and goes to the board of directors twice a year, and covers everything that can impact PG&E’s financial plan (examples being the company’s stock price assumptions, total Functional Area spend, how much equity and debt we need to finance, and what is being targeted for customer bills and credit metrics). Finally, the team plays a central role in supporting the Investor Relations team in preparing numbers, the press release, and the story that flows directly into what PG&E communicates to investors on a quarterly basis.

 

Position Summary

This Senior Manager position manages a team that produces the monthly L1 Finance Book (in partnership with Business Finance & Planning), PG&E’s monthly, quarterly, annual, and multi-year GAAP and Core Earnings Per Share forecasts, and chairs the company’s Non-Core Committee. This position also oversees the production of several reports that go to the Board of Directors, including the Enterprise Performance Highlights (EPH) package and the Core Financial Update. This position provides an opportunity to meet monthly with, and provide recommendations to, the Utility CFO (Controller) and the Corporation CFO on catch-back plans, forecast decision, and strategies on how to achieve our earnings guidance (no more, no less).

 

This position is hybrid, working from your remote office and Oakland, CA approximately once per week or more, depending on business need. 

 

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs. Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.

 

A reasonable salary range is:

 

Bay Area Minimum: $140,000.00
Bay Area Maximum: $238,000.00
 

 

Job Responsibilities

• Mentor, coach, and develop a team of strong performers, with an eye for building breakthrough affinity and best-in-class FP&A reporting.
• Partner with the Finance leadership team (CFO and their direct report team) to analyze and interpret financial results on a monthly, quarterly, and annual basis; develop forecasts; and execute catch-back plans for financial measures that are off track.
• Plan and oversee the preparation of monthly financial reports for senior management, the Board of Directors, and the investment community, including the Enterprise Performance Highlights (EPH) package, the L1 Finance Book, and the Quarter over Quarter analysis. Analyze forecasts to provide explanations and insights to key decision-makers.
• Oversee the preparation of financial budget for approval by senior management and the Board of Directors via the annual Financial Performance Plan (FPP) process. Directly influence the multi-year plan (Data Book) by reconciling earnings, sizing and tracking contingency, and making sure income statement forecasts are consistent across multiple teams.
• Chair the Non-Core Committee by facilitating meetings, driving towards formal consensus on votes, preparing official memorandums, and securing quarterly approval from the Utility CFO, Controller and the Corporation CFO.
• Conduct financial analysis on an ad hoc basis. Provide decision support to senior management and Functional Areas in preparing financial forecasts, analysis of specific investment proposals, or regulatory support.
• Drive continuous improvement in financial reports and forecasting models and tools. Assure the logic, assumptions, and calculations in the models are upd